One particularly interesting subject discussed in this edition is the arrival of the Ramadan month (Islam's fasting month). This is typically a month of peaking consumption across Indonesian society, and thus boosting the country's economic growth. However, the COVID-19 crisis (and related government policies such as the 'mudik ban') now prevent consumption to peak (for the second year in a row). How does this affect the Indonesian economy? We devote one article to this topic.

Other interesting topics in this April 2021 edition include our view of whether there will be a 2020s commodities supercycle considering commodity prices have been climbing after the peak of the COVID-19 crisis last year. For Indonesia this would surely be a lucrative occasion.

In another article in this month's edition we look at how rising crude palm oil prices are allowing Indonesian palm oil companies to post good corporate earnings despite the COVID-19 crisis.

We also zoom in on Indonesia's textile industry and discuss the challenges that this industry is facing.

Besides aforementioned subjects, we also provide the usual monthly updates on Indonesia's macroeconomic indicators such as inflation, manufacturing activity, monetary policy, the rupiah rate, investment realization in Q1-2021, and trade.

The April 2021 report can be ordered by sending an email to or a message to +62.882.9875.1125 (including WhatsApp).

Price of this (electronic) report:

Rp 150,000
USD $10,-
EUR €10,-

Take a glance inside the report here!